Foreign investors pledge US$1.25 billion in January

NDO/VNA - Foreign companies pledged to invest nearly US$1.25 billion in Vietnam in January, according to Foreign Investment Agency under the Ministry of Planning and Investment.

In January, disbursement of foreign direct investment (FDI) rose 10.5 percent to US$1.05 billion from the same month last year, official data showed.

Out of 125 countries and territories with FDI projects in Vietnam, the Republic of Korea is the largest investor with US$58.1 billion, accounting for 18.1 percent of total capital. Japan comes second with US$49.46 billion at 15.4 percent, followed by Singapore, Taiwan (China), British Virgin Island and Hong Kong (China).

In January, the Vietnamese authorities also granted six licences for overseas investment projects by domestic enterprises, which plan to invest a total of US$6.46 million outside Vietnam.

Three of these projects were in the retail and wholesale business, while the remainders were in the fields of manufacturing, residential services and science and technology.

The projects are being carried out in Canada, Cambodia, New Zealand, Germany, Belize and Myanmar.